Düsseldorf, Germany – Henkel has reported organic sales growth of 4.9% in the second quarter of 2023, at €10.9bn. EBIT, adjusted for one-off expenses and restructuring costs, were up 7.6% to €1.25bn, giving a margin of 11.5%.
“We succeeded in significantly improving our earnings despite the continuing headwinds from high material and logistic prices,” said CEO Carsten Knobel. “Following the strong performance in the first half of the year, we are confident for the remainder of the year and have significantly raised our full-year guidance for sales and earnings.”
The company now expects that organic sales growth will be in the range 2.5-4.5%, up from previous expectations of 1.0-3.0%.
Sales were up in both of its business unit. In particular, organic sales growth in the adhesive technologies business was up by 3.2% in the quarter. This part of the business has been restructured to “use scale and competence benefits even more efficiently” across its portfolio areas of mobility & electronics, packaging & consumer goods, and craftsmen, construction & professional, it said.
Knobel added that the company had made “good progress” in implementing its strategic growth agenda in the first six months of the year. “In the adhesive technologies business unit, we have aligned the organisational structure even more closely to our customers to expand our leading global position and further increase growth momentum,” Knobel said. “In addition, we are driving forward important initiatives in the areas of sustainability and digitalisation to further enhance our competitive position.”